Results 5,821-5,840 of 26,711 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: We will leave that because we may explore it at another meeting. Ms Howard has qualifications in leading cultural change and ethical behaviours, and she is now on the Irish Banking Culture Board. How does she find that board?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: It is a work in progress. Tell me about the diversity in the Irish Banking Culture Board. It is mainly bankers, is it not?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: Does Ms Howard find it strange that a board had to be set up to drive a bank or a banking sector to look after its customers? I find that to be the strangest thing ever, because regardless of what one's business background is, whether it is big or small, the customer is the key to the success of one's business. Here, the banks have to fund a board that will lead them to understand that, so...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: Well, we will see what happens with that. What is Ulster Bank's slogan?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: Help for what matters. We will turn to the non-performing loans, the buy-to-lets and the private dwelling homes, PDHs. According to Ulster Bank's analysis of the sale, 1,500 accounts were sold in 2015; 2,874 were sold in 2016; nothing was apparently sold in 2017; and 3,937 were sold in 2018. In answer to a question earlier on, it was stated that Ulster Bank has almost €1 billion...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: Ulster Bank Ireland sold on 2,874 and 3,900 loans in 2018. Is Ms Howard saying that it was not possible in every case to restructure and Ulster Bank Ireland had to sell on?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: What about the performing loans? Has Ulster Bank Ireland sold performing loans in this bundle since 2015?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: So if there is a net non-performing loan comprising other loans, such as a buy to let-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: -----that is a non-performing position generally.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: Ulster Bank Ireland does not separate them out.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: What about separating out the bad loans and selling those to allow the customer some form of chance to continue with the performing elements of the loan?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: Does Ulster Bank Ireland go to the extent of separating out the bad loans if that is possible? Does Ulster Bank Ireland sell them on and allow the-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: So Ulster Bank Ireland just sold them on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: Would Ulster Bank Ireland not try to unravel that package?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: Yes, but Ulster Bank Ireland could separate out the performing elements of that and allow the customer to work with the bank on those and then sell on the other parts of that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: So Ulster Bank Ireland is packaging the loans in an overall non-performing loan to suit the vulture funds.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: Yes, but Ulster Bank Ireland is packaging them for the vultures.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: I understand that but these are exceptional circumstances where Ulster Bank Ireland is about to sell loans, some of which are performing, and I am asking that in that instance, why not structure it in such a way that Ulster Bank Ireland allows the customer the chance of continuing on in the performing elements of his or her loan?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: I know they are buy to let categories but at the same time, there are families involved here and that is what I am thinking of. That is the difference between Ulster Bank Ireland and I. I am trying to establish what lengths Ulster Bank Ireland goes to in order to facilitate a family in a buy to let or in a private house to stay in that house.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
John McGuinness: These figures would not suggest that. They are significant figures.